Mortgage Rates Soar Higher

Mortgage rates soared to 4.83% on a 30-year fixed rate mortgage to the highest level in more than eight months, according to Freddie Mac. The increase accounted for the largest rise in conventional mortgages since hitting their record all-time low and put the brakes on home buying. Rates rose from 4.61% with an average of… Continue reading Mortgage Rates Soar Higher

Vacation Resort Markets Turn Around

Economic slowdowns even hit the wealthy and for the rich or the over-extended this real estate crash is serving a serious blow to vacation resort markets like those in Florida, Colorado, Hawaii and California. The second home market saw the largest run-up in prices in U.S. history and the fallout is devastating markets, many of… Continue reading Vacation Resort Markets Turn Around